Retail Payments Current Affairs, GK & News

RBI’s Second Cohort under Regulatory Sandbox

The Reserve Bank of India recently announced the second cohort under Regulatory Sandbox. It was announced under the theme of “Cross Border Payments”. What is Regulatory Sandbox? The Regulatory Sandbox refers to live testing of new products and services in a controlled environment. The companies can test their product viability without the need for a ..

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RBI opposes proposal to set up separate payments regulator

The Reserve Bank of India (RBI) has opposed a move to establish a separate entity to regulate payments and settlements as recommended by Ratan Watal Committee for Digital Payments. The 11-member committee was notified in September 2016 by the Union Finance Ministry to review existing payment systems in country and recommend appropriate measures for encouraging ..

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